SEC - ICO, altcoins and McAfee - page 3.

ATSgrowth

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Quote from: twobits on June 21, 2018, 08:27:43 AM

Quote from: ATSgrowth on June 21, 2018, 08:18:25 AM

Hello, I see a real problem that could harm a lot of altcoins or ICOs.
SEC said that Ethereum and Bitcoin are not securities but some altcoins might be.
McAfee said that he will no longer support ICOs due to SEC threats "and those doing ICOs can all look forward to arrest".

I am little bit afraid that a lot of coins violate the laws and may soon be worthless.
What is your opinion please?

This has been stated so many times and if you are from US and you can't participate in any ico because you just follow what has already stated by SEC. The world is not US.
In so many times SEC has stated that this based on their regulations. it will be different if you are seeing another countries just like south korean that has already tried to create a framework regulation to legalize ICO.

But SEC could harm altcoins right? If they arrest the team behind specific altcoin, or? Or SEC could harm only altcoins which are from the USA?

trobin

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Just because they are considered as securities that does not mean that they cannot be within the confides of the law. It just means that they have to interact in a certain way with persons from the US, mostly only allowing registered people to participate.

BTCLovingDude

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BTC to the moon is inevitable...

i have been afraid for the future of ICOs and most important of all i have been worried more about the future of the platforms that ICOs run on like Ethereum.

these coins like ETH rely completely on ICOs to survive with an ICO there is no reason for them to exist anymore and SEC and a lot of countries around the world have been banning ICOs or at best putting a lot of restrictions around them.

i think 2018 can be a very dark year for ETH.

Way2Paradise

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Quote from: ATSgrowth on June 21, 2018, 08:25:55 AM

Quote from: Way2Paradise on June 21, 2018, 08:23:05 AM

Quote from: ATSgrowth on June 21, 2018, 08:18:25 AM

Hello, I see a real problem that could harm a lot of altcoins or ICOs.
SEC said that Ethereum and Bitcoin are not securities but some altcoins might be.
McAfee said that he will no longer support ICOs due to SEC threats "and those doing ICOs can all look forward to arrest".

I am little bit afraid that a lot of coins violate the laws and may soon be worthless.
What is your opinion please?

that does not sound very good. i hope that it will have bad consequences.

i think in the next few weeks we will see if anything will happen.

SEC regulations may take several months not several weeks.
Look at Ethereum - Ethereum ICO took place in the year 2014 and now SEC decided that it Ethereum is not a security.

yes that's true. it will probably be more months and not weeks. sec will definitely have a lot of work the next months.

ShareAccepted

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Victorieum Digital Wallet Revolution

McAfee is a problematic figure that has gone into the business of creating fomo and fud alike. As far as I am concerned, the SEC can act agains american residents only.

tsaroz

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Vave.com - Crypto Casino

ICOs are actually securities and they should behave as such.
Unlike Bitcoin, Ethereum and other alts, ICO are fund raised with promise to share the profit of investment with the token holders.
Here, tokens act as a share. ICOs should be regulated and taxed.

twobits

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Quote from: ATSgrowth on June 21, 2018, 08:18:25 AM

Hello, I see a real problem that could harm a lot of altcoins or ICOs.
SEC said that Ethereum and Bitcoin are not securities but some altcoins might be.
McAfee said that he will no longer support ICOs due to SEC threats "and those doing ICOs can all look forward to arrest".

I am little bit afraid that a lot of coins violate the laws and may soon be worthless.
What is your opinion please?

This has been stated so many times and if you are from US and you can't participate in any ico because you just follow what has already stated by SEC. The world is not US.
In so many times SEC has stated that this based on their regulations. it will be different if you are seeing another countries just like south korean that has already tried to create a framework regulation to legalize ICO.

ATSgrowth

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Activity: 924

Merit: 106

homt.net

Quote from: Way2Paradise on June 21, 2018, 08:23:05 AM

Quote from: ATSgrowth on June 21, 2018, 08:18:25 AM

Hello, I see a real problem that could harm a lot of altcoins or ICOs.
SEC said that Ethereum and Bitcoin are not securities but some altcoins might be.
McAfee said that he will no longer support ICOs due to SEC threats "and those doing ICOs can all look forward to arrest".

I am little bit afraid that a lot of coins violate the laws and may soon be worthless.
What is your opinion please?

that does not sound very good. i hope that it will have bad consequences.

i think in the next few weeks we will see if anything will happen.

SEC regulations may take several months not several weeks.
Look at Ethereum - Ethereum ICO took place in the year 2014 and now SEC decided that it Ethereum is not a security.

Way2Paradise

jr. member

Activity: 322

Merit: 1

Quote from: ATSgrowth on June 21, 2018, 08:18:25 AM

Hello, I see a real problem that could harm a lot of altcoins or ICOs.
SEC said that Ethereum and Bitcoin are not securities but some altcoins might be.
McAfee said that he will no longer support ICOs due to SEC threats "and those doing ICOs can all look forward to arrest".

I am little bit afraid that a lot of coins violate the laws and may soon be worthless.
What is your opinion please?

that does not sound very good. i hope that it will have bad consequences.

i think in the next few weeks we will see if anything will happen.

ATSgrowth

full member

Activity: 924

Merit: 106

homt.net

Hello, I see a real problem that could harm a lot of altcoins or ICOs.
SEC said that Ethereum and Bitcoin are not securities but some altcoins might be.
McAfee said that he will no longer support ICOs due to SEC threats "and those doing ICOs can all look forward to arrest".

I am little bit afraid that a lot of coins violate the laws and may soon be worthless.
What is your opinion please?

Topic: SEC - ICO, altcoins and McAfee - page 3. (Read 396 times)